Showing posts with label success. Show all posts
Showing posts with label success. Show all posts

Sunday, April 15, 2012

Rypple Social Goals 2.0: Live Demo and Q&A - YouTube



Have questions on how to get started with Rypple Social Goals 2.0? Watch Meghan Gendelman from our Customer Success team as she demonstrates a new way for teams to stay focused on what really matters and make progress on shared goals.

In less than an hour, you'll learn: * What's new in Social Goals 2.0 * Why customers like Spotify use it * How to make it work for you

You can also watch the live Q&A with our VP of Product at the end of the presentation.

Wednesday, January 13, 2010

Reward Real Success Immediately: Positive Re-enforcement

It’s a management maxim that managers should freely issue praise where praise is due. Unfortunately, most business environments seem more focused on punishing failure and attributing blame.

Do not stray from the path, just yet. There is solid neuroscience behind the idea of recognising and acknowledging success, according to research led by neuroscientist Earl Miller of MIT and published in Neuron.

Miller and his team have created a unique snapshot of the learning process that shows us how single cells change their responses, in real time, as a result of information about what is the right action and what is the wrong one.

“We have shown that brain cells keep track of whether recent behaviours were successful or not,” Miller said. Furthermore, when a behaviour was successful, cells became more finely tuned to what the animal was learning. After a failure, there was little or no change in the brain – nor was there any improvement in behaviour.

The study sheds light on the neural mechanisms linking environmental feedback to neural plasticity – the brain’s marvellous ability to change and adapt in response to experience.

The experiments used our nearest and most interesting relatives, the monkeys. They were given a simple task of looking at computer images and by trial and error, they learned which way they were supposed to look depending on the picture. Correct decisions were rewarded and therefore an effect was caused by the correct behaviour. Wrong decisions were not, thus the behaviour was 'ineffective' or 'unaffecting.'

“If the monkey just got a correct answer, a signal lingered in its brain that said, ‘You did the right thing.’ Right after a correct answer, neurons processed information more sharply and effectively, and the monkey was more likely to get the next answer correct as well,” Miller said, “But after an error there was no improvement. In other words, only after successes, not failures, did brain processing and the monkeys’ behaviour improve.”

There’s one catch – the time period for this enhanced feedback mechanism appears to be very short, mere seconds after the moment of success. So, praise or other rewards need to happen in real time to exploit this particular neural mechanism.

With much of today’s work occurring in front of a computer screen, technology can also be employed to recognise when a success event has occurred and providing immediate positive feedback.

Regardless, managers should ensure that they do provide both real-time and subsequent re-enforcement of successful actions. In addition to the recent MIT research, there’s plenty of literature that shows that appropriately recognising and rewarding employee success has a positive impact on the workplace.

Wednesday, December 2, 2009

Thinking Cautiously about Risk Appetite

How does the current trend for Caution in Risk Management affect business potential?

Because well-considered risk taking is critical to business growth and success, not just for individual companies but also to enable or entitle the expansion of a properly functioning economy.

Food for Thought
Business-to-business lending and borrowing always involves a high degree of risk. Therefore, curtailing that appetite for risk can directly hobble entrepreneurship, deprive deserving businesses of capital, and reinforce deflation.

Take a Positive Stance
Moreover, for any business, the assessment of risk should not dwell on the potentially damaging prospects but also on the opportunities; potential rewards and gains. If you take an overly cautious stance this is more difficult to do or can create a restrictive position.

Although the need for risk taking is recognised by both businesspeople and economists, a lot of this is based on theoretical lip service and rhetoric, rather than real positive and optimistic determinations and outlooks.

Complexity
The complexity of risks in the global economy severely tests many companies, both in their judgment about how much risk to take and in their controls for tracking and managing it. What doesn’t help the situation in any way are sponsors and senior management teams who are not comfortable or practiced at discussing risk in the context of strategic decision making or in articulating those expectations to the organisation.

Positive Solution
To overcome the problem of over cautious risk taking, sponsors, senior managers and companies needs a fresh, more rigorous definition of the appropriate level of risk the organisation can accept or endure. The organisation needs to stress its structure, confirm its strengths and articulate its risk appetite.

Set the Appetite
In addition to asking how much risk to avoid and how much to accept, we need to prepare for the possible downside. Leaders should be setting a better example, by defining how much risk they want and establishing how much capital they are willing to stake against it.

Result Focus
Clearly this is only part of the algorithm, because the result of all this effort is to achieve as much potential and capital gain. The whole organisation should be involved and open to this discussion on risk appetite.

Trading on the edge
Traders and deal makers are at the sharp end of it. They, of all people need to fully understand the risk appetite of the company and the part that their individual deals might have in the corporate-wide performance, because they are the ones that have to implement it effectively.
Unshackle and empower your people, by giving them a clear framework, an appetite for risk and a plan for success.

Wednesday, April 22, 2009

Risk Management - 5 steps to success

What does it take to get Stakeholder attention and for IT initiatives to be acknowledged and accepted in today's lean mean enterprise?

In most cases it means making a compellingly attractive business case, getting the pertinent information to the right decision makers and being sure that its written in a language they can understand.

Executive suite
IT risk management initiatives are most definitely aimed at executive attention and for good reasons. The economy has become increasingly dependent on the Internet and IT systems (the Cloud). this makes the inherent risks in these systems far more visible and potentially more significant than ever.

Risk management is a discipline with a myriad mix of interests groups and stakeholders: CIOs, CFOs, enterprise risk management teams, compliance and regulation staff, and both internal and external auditors.

Choose your words wisely
You need to aim your plan at CIO level and there are generally two types of CIOs; the executive infrastructure managers and the strategic business thinkers. The latter will succeed with their IT risk management agenda because they speak in terms of business advantages, not technology outages (Business Impact Analysis). Par example;

  • Instead of talking about a "zero day threat," consider the impact of a potential incident, in terms of potential business losses. (Quantify in general terms)
  • Instead of talking about RTOs and RPOs, speak in terms of lost revenue and customers during an outage. (Sales, turnover, throughput, etc)
  • Instead of highlighting unimplemented ISO controls, speak about the lost communication and effectiveness of employees who need to collaborate and share information both inside and outside the firewall.
  • It also doesn't hurt to point out the impact on productivity when the critical path and workflow is disrupted.

Use a High-Medium-Low spectrum of potential business loss

Part of using the right language is to help you move away from absolutes. Inevitably, a single prediction of loss will start a battle of statistics and probability debate, with the risk that your request will get lost or bound up in the process. Instead, provide stakeholders with a variety of realistic scenarios and have some good data to back it up.

Start by considering whether you are a low risk company, moderately tolerant, or highly tolerant and then you can go to work with some calculations. Be prepared to back up your recommendations with numbers. Understand that you probably won't get exactly what you are asking for, but by presenting accurate potential scenarios, you might get your mid-range goal.

Use headlines to your benefit

All of today's business leaders have been shocked by the recent headlines regarding corporate scandals and the sudden loss of freedom or career prospects that this may bring. They dread the thought of the "orange jumpsuit retirement program." and there is still a steady stream of privacy and data leakage issues that will continue to feed into the headlines.

Those held responsible, willingly or otherwise, have ranged from; unsuspecting backup administrators and employees who unwittingly left laptops in car trunks; to mid-level managers involved in publishing quarterly financial reports and executives operating with full and certain knowledge of potential breaches.

You can make good use of these "publicly displayed sacrificial offerings" to illustrate and re-enforce the real risks at stake. This will help you move away from the discussion regarding the siza, shape and probability of an incident or event and break the statistical deadlock.

Move your message up and around the chain

Identify and consider the strong players and potential champions involved. Work hard to win them over to yor way of thinking. Rememeber, IT risk management isn't an exclusively IT-driven discipline. Work with the compliance team, the IT group, the legal group, the auditors, the enterprise risk management group, and the business leaders. Create cross-company initiatives to align each of these groups. This will require as much time communicating outside of IT as inside.

Identify your milestones

Before going into an executive meeting with your precious ember of a request, identify up to three milestones you expect to meet and explain in business terms how these milestones will provide real benefits and payback to both the business and IT.

If you can, start with a proof of concept e.g. for a content filtering project. This will have much more value if users from audit, legal and a line of business are involved in choosing terms to flag, track and quarantine events. A security 'incident reporting' process may get more enthusiastic response, if users understand that increasing their awareness will help to save the company money and protect the corporate image.

Conclusion:
IT risk management will become increasingly important as key organisational stakeholders begin to see the importance and effectiveness of an ongoing program. For now, IT risk professionals and their associated colleagues can continue to work to establish a baseline program by using the right language and the right information to ensure continued support internally.

Wednesday, February 18, 2009

Measured Action for Tough Times

IT Consultants and solution providers are, like everyone else, vulnerable to the recession. However, a recent Market survey shows that IT Consultants and solution providers are preparing to weather the economic storm forecast for 2009. With a lot of good fortune and luck allied to smart planning and insight, they could be positioning themselves for growth in 2010.

US Dollars, GBP and Euros
The dawn of the Obama era in the USA and the infusion of hundreds of billions of dollars, pounds and Euros in stimulus funds are not enough to clear the economic storm clouds gathered over North America, UK and Europe.

Since the beginning of the New Year, the U.S. economy alone has shed nearly 600,000 jobs. Gross domestic product fell by 3.8 percent. And the forecast for the remainder of 2009 calls for sluggish or negative growth.

Consultants poised for 2009
The technology sector, with its IT Consultants and the solution provider community poised to withstand the recessionary pressures of the general economy. The 2009 Market survey of 200 North America IT Consultants and solution providers, reveals that solution providers are very cautiously optimistic about their business prospects in 2009. They fully expect a reduction of enquiries, sales, revenues and profitability. They’re cautious optimism means they are preparing for the worst while hoping for the best.

Weathering the storm
IT Consultants and solution providers are not taking the sluggish economy in their stride. While there is a natural inclination to retreat to a safe place and ride out the downturn, the Market survey report shows many consultants and solution providers are preparing to implement, aggressive business development, sales and market plans. In an effort to not only weather the recession but to power through it and position themselves for growth in 2010 and beyond.

Gross Revenues

Gross revenues from product and services sales increased for 46 percent of solution providers, while only 24 percent saw their top lines shrink. A near equal number of solution providers (45 percent) reported increases in their 2008 profits, while 25 percent said their profits declined.

Ordinarily, healthy revenue and profit increases would be welcomed news for solution providers. But participants in the Market survey were witnessing a phenomenon caused by the recession.

Customer spending down
Consultants and solution providers reported customers spending was down and their existing budgets reduced. This is in anticipation of not getting full funding in 2009 or in anticipation of end-of-the-year budget cuts. Business-technology customers, ranging from small businesses to large enterprises, are expected to continue investments in technologies critical to business operations. This will focus on smart applications and systems that directly reduce costs or innovations that open up new revenue opportunities.

Do not be fooled, they are certainly not freely opening up their checkbooks. IT Consultants and solution providers report that their customers are already cutting back on orders, delaying project implementations and canceling projects to save money.

2009 Forecast
The stated paradox above, is part of the reason why nearly one-half of consultants and solution providers expect their revenue to increase in 2009, while only 32 percent expect a decrease. The key indicator of how tough 2009 will be for solution providers is seen in the number that expect flat year-over-year revenues;
  • 30% of solution providers said their 2008 revenue was relatively the same (plus or minus 5%) over 2007,
  • 21% expect no change in year-over-year revenue in 2009.
  • The clear shift to no change or declining revenue reflects longer sales cycles and customers not committing to engagements.
The survey paints a similar picture for profitability;
  • 51 % of solution providers expect no change or a decline in their year-over year profits.
  • 64 % believe their profits will slide by 15 percent or more this year.
  • 55 % of optimistic solution providers expect their profits to increase by 15 percent or more.
  • No solution provider participating in the Market survey, expected profits to sink by 100% or more. Perhaps trying not to think the unthinkable.
Consultants and solution providers dependent upon conventional hardware sales expect the largest decreases in revenue and profitability. Anticipating revenue decreases this year;
  • 29% of white box/custom system dealers
  • 27% of hardware resellers and
  • 24% of general solution providers,
Topping the list of specialists anticipating net revenue increases.
  • 67% Software resellers
  • 60% Software-as-a-Service (SaaS) providers and agents
  • 55% Systems Integrators
Additionally, solution providers say that they are seeing the greatest slow down in business, from small (less than 50 employees) and midsized businesses (50 to 250 employees).

Ring fence your customers
Consultants and solution providers recognize that they must adapt to the poor economic conditions, and many are executing strategic plans to bring themselves closer to their customers. Hopefully this will allow them to preserve and protect existing revenues sources while seeking new opportunities to tap into new revenue streams. Clearly everyone is becoming more defensive of their existing clients and therefore, the new revenue opportunities will be harder to find and even harder to win, possibly with lowered margins and ROI spread over longer periods.

Nearly one-half of consultants and solution providers surveyed for the Market say that their top business goal for 2009 is improving customer satisfaction and retaining existing customers. It’s much easier and more cost effective to expand sales within an existing customer than it is to acquire a new customer and build a relationship. The risk that you put all your eggs in one big basket that could, in itself, fall.

Customer retention not detention
Of the consultants and solution providers focused on customer satisfaction and retention, most anticipate their profits will remain flat or decrease. The same can be said for consultants and survey participants focused on increasing revenue, the second most popular business goal for the year. Are you being retained or detained by your customers and service providers? Discuss!

QoS versus Market Share
Consultants and solution providers who are focused primarily on improving quality of service (QoS), will have a higher expectation of profit erosion. Conversely, consultants and solution providers focused on increasing market share or profitability have higher expectation of improving profitability in 2009. This may not be the case, when taking into consideration the cost of sales.

Revenue Growth - greater expectations?
For revenue growth, 60 percent of consultants and solution providers are squarely set on simply acquiring and developing new customers. Another 30% are expanding their relationships with existing customers. Interestingly, solution providers are not looking to their peer communities for support during the recession. Only 13 percent of survey participants said they would form an alliance with their peers i.e. consultant and solution provider partners, or partner with other consultants to reach new markets and customers.

Together we stand and divided,
we may fall

Tuesday, February 10, 2009

Use the Power of persuasion

Are you hunting for a new job or the next step up the ladder? Well, it may come as a small surprise to you to hear that one of your main objective is simply to be persuasive.

What are the most effective approaches?
  • These days networking is sited as the most effective way of finding a new job. So firstly, you need to build your personal network and then persuade the loyal members of your network to introduce you to people who might connect you with someone who knows someone ..........who has a suitable opening for you to fill.
  • Secondly, you need to get your CV read and acknowledged. So you need to persuade HR professionals and recruiters to not just read and discard résumé but to consume, digest and ruminate over it.
  • Having got as far as the HR dept, you need to persuade the hiring managers that you're the perfect candidate for their organisations. The missing link they have been seeking, even if they didn't realise it themselves

Be convincing - Some people are easier to convince in your job search than others. Getting friends and colleagues to arrange introductions for you doesn't require much persuasive effort because they know you and some may even like you or owe you money. Therefore, they're willing to play their part on your behalf. After all if the circumstances were reversed, you would do the same for them. Your powers of persuasion over your friends should stem from your mutual friendship, natural charm, credibility and likeability, not from your rhetorical prowess or physical strength.

The Gatekeeper - The hiring manager, knows nothing about you, apart from the fact that he has seen your name in a pile of CVs that need to be filtered. He has to create a short list of candidates fit for interviewing and you must be on it. How are you going to stand out from the crowd and rise loftily above the other candidates. You have to think better and work harder to convince them that you're worthy of their time. In such situations, job seekers need the advantages gained from fully understanding the fundamentals of persuasion.

Easy as ABC
Effective persuasion combines equal parts communication and observation. It hinges on having good people skills;
  1. being able to read people,
  2. being a good listener and
  3. being empathetic.

You need to be a keen observer of the person you're trying to persuade. Otherwise how can you match the tone and language you use in conversation to the other person's tone and language. Watch how the other person reacts to what you are proposing, either physically, through their facial expressions and body language, or in their tone of voice. If you notice a negative reaction, or discomfort, you should be alerted and quickly change or slightly adjust your approach.

Under your Influence - To be an effective influencer, you also need to be likeable, outwardly open and trustworthy. It doesn't matter whether you're selling an idea, a service or a product, people tend to buy from people. If I like you, I will listen to you. If I don't like you or your message, I won't listen to you. Getting someone to listen to you is the first stage of persuasion.

Persuasion isn't inherently difficult. To do it right, people just need to focus on listening to the person they're trying to persuade and adjusting their communication accordingly.

Whether you're seeking a new job, clinging to an existing one or out to climb higher, persuading people of your value is going to be your key to success, especially during times of low market confidence and recession.

How do you persuade others without appearing pushy and what about the dangers of steamrolling people into submission. The Hard Sell!

What is one of the biggest mistakes you can make when trying to influence or persuade others?

One of the worst crimes you can commit is the lack of true or active listening. Far too many people only half-listen to other people who are speaking and the same people are equally unlikely to closely observe people either. We sentient humans have the capacity to think at four or five times the rate of someone who's speaking. Consequently, we can often listen badly because we're too busy looking ahead and formulating our responses while the other person is still speaking, or we're thinking about something else entirely, like shopping or the size of the other person's nose. We fail to pick up clues that indicate what the other person is really saying or thinking because we are not even listening.

Body Language

Observing body language is the closest we can come to mind-reading. If you make a statement, and that statement produces a grimace or a shift in posture of the other person, their body is telling you that something you said doesn't gel with them. It's a clue for you to change your tact or to inquire what it is that's bothering that person.

Negative pressure

Some individuals lack the level of people skills that are needed to persuade others. However, they can and are able to sway and influence their co-workers by taking a dominant posture. This is observeable, because they always have a response to a point or counterpoint. Their constant pressure exhaust others' patience and endurance, leading to submission. It is more like verbal tennis or squash than persuasion.

Is there anything wrong with this sporty method of persuasion if it accomplishes the persuader's goals?

Clealry. beating someone into submission is not good practice. It is not what we understand to be true persuasion. A truly persuasive person will not leave you in an exhausted state. The ultimate goal of effective persuasion, is that the relationship between the two people hasn't suffered, even after one has changed the other person's belief or behavior. There should be no 'losers' as there are in competitive sports.

Certain personality types are better at persuasion than others?

Extroverted people tend to be more persuasive than people who are prone to introversion. Extroverts are often in people facing jobs, such as sales or advertising, where they have to influence or persuade people to buy a product, take some kind of action or adopt a different lifestyle goal.

Introverted People will take jobs that are less people-focused and more facts and figures focused. They are the back-room people, often evry talented but lacking the self confidence that their knowledge should bring. Therefore, they have less experience of dealing with people than extroverts. Consequently, they don't develop the people skills that extroverts develop. It is a vicious circle that is not so easily broken.

Introverts can be good persuaders, when dealing with other introverts; people of their own type. Introverts have more difficulty in persuading extroverts because extroverts tend to speak louder and faster than introverts. Whereas, the introverts tend to conduct their interactions in a much slower manner.

Extroverts have similar difficulty in trying to persuade introverts. When you look at workplace disputes, some can be attributed to personality clashes between introverts and extroverts.

Logical arguments besides, just do it!

May I also postulate a theory that the extoverts are more emotionally open and accepting of emotive reasons for doing something. Whereas, extroverts may be less willing to expose their feelings to scrutiny and therefore take the safer option of discussions based on known facts. It is easier to dis-arm an introvert using facts and logic than it is an extravert. Discuss!

Is there a difference between persuasion and manipulation? Some people don't like the idea of having to persuade or influence others. It strikes them as unseemly, pushy or manipulative.

Persuasion is essentially about changing someone's perception, questioning their assumptions. You are trying to alter their beliefs and behaviour. Persuasion is really about moving someone from point A to point B.

Manipulation implies coercion. When we're talking about persuasion, you are seeking a win-win scenario, where both parties are happy. Manipulation implies that only one party is satisfied and the other is out-manouvred.

It's all about the approach

Manipulation is often synonymous with some kind of threat: If you don't do this, this will happen. Persuasion is a meeting of minds: You are persuading another to come around to your point of view. Ideally, no one gets hurt. You have simply changed a person's perception, not by coercion or threat.

It is better to have cross-pollination than a cross Polynesian

(old Hawaii proverb, alledgely)

Wednesday, January 28, 2009

Why Projects are Failing

Warning!
Projects can go up as well as done, especially in the current economic storm.

Project management has been a big part of my business management career for the last 35 years. I attended my first course in project management in the early ‘70s. Since then I have accrued a large collection of practical theories that I would like to share, starting here with the bogey man of project management, Project Failure, how to avoid it.

GOAL!
Like all good team managers or players; Start by considering the goals!
Projects have 3 basic criteria by which they are measured. They are deemed to have failed if they do not meet the following simple success criteria:
• Deliver project within planned timelines – TIME
• Deliver project as per forecast budget – MONEY
• Delivering planned results – BUSINESS BENEFITS

Only around 30% of projects achieve all three facets of the Golden Triangle, especially the last one; Business Benefits, the project ROI, the business case justification, call it what you will.

Projects Delivered or abandoned?
Partly successful projects are deemed to be ‘delivered’, even if they fail on one or more of these criteria. According to Gartner this can account for 30% of projects. They also believe that 15% are wisely cancelled before the end, having failed outright to meet their original criteria. I can only surmise that this last group did not seek expert PM rescue advice to determine if they could pull it back from the brink or limit the damage. Instead, we will assume that these projects had a high certainty or potential for failure.

Thus, it raises the questions;
  • Were they doomed from the start
  • Did they lose direction or support on the way
  • Were they really viable and therefore saveable
  • Others. Discuss!
Very few projects that are struggling have the reporting visibility that allows executive management the knowledge and insight to determine their real status. There is a conspiracy of silence and misinformation that prevails, along with the belief that all is well, right up until they crash into the buffers. So, for the 15% of projects that fail, let us speculate that it should have been clear for some time that they were struggling and needed to be euthanised, if only we had known earlier. Discuss!

Mid Zone muddle
With around 30% of projects succeeding and 15% failing, we need to consider the 55% remaining projects in the mid zone, struggling for a foothold in the ‘shallows’ and ‘shifting sands’ between success and failure. Do these projects ‘partly succeed’ or ‘partly fail’? Are they caught up in some ‘timeless whirlpool’ that cycles them, infinitely? Clearly, not. They would run out of money, time or support for never to be achieved benefits. If we want to draw sensible conclusions from statistics, we need more accurate reporting methods, with more precise detail and granularity. Build in tighter controls. Build a better dashboard. Lead this ship of lost souls out of the doldrums.

Choose Success or Failure?
Moving on, let’s get back to the big fight; Success v Failure. The first question to be considered is; Should we be,
  1. Considering the key factors leading to success or the risk of success or;
  2. Examining the sources of and risk of failure?
They are linked, of course but one is intrinsically passive and reactive, whereas the other is more proactive. In Project Management and in business today, we need strong proactive project management resources that encourage, understand and support, the risk of success and can quickly recognise the need to mitigate away from failure.

In the latter stages of a project, this turnaround from imminent failure to possible success, can be achieved by bringing in an experienced rescue PM. They will quickly assess the damage, examine the mitigation potential and plot a course out of the swamp.

How? Simply through the disciplined use of proactive PM methodology and tools, plus the implementation and positive use of strong Risk management approaches. Oh Yes! and the benefit of decades of PM experience. Call me sooner than later.

Remember: Charismatic figureheads need to be ahead of the crowd! AND the crowd need to be behind them, all the way! (not as easy as it sounds)